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Shoe Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Shoe Stores Market Research Report | NAICS 44821 | Sep 2016

Next step: Operators will look to combat external competition by increasing product selection

IBISWorld’s Shoe Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$35bn
Annual Growth 11-16
2.4%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
213,931
Businesses
30,917
Industry Threats & Opportunities
  • The industry faces stiff competition from department stores and online retailers
  • The internet offers a combination of time and money savings, posing an especially strong threat
  • To compete effectively, individual shoe retailers are likely to engage in product differentiation
  • ... purchase to read more

Industry Analysis & Industry Trends

The Shoe Stores industry, like most retail industries, relies on strong consumer spending to spur demand for industry products. Over the past five years, the economy has begun recovering from recessionary declines with both the Consumer Confidence Index and disposable income increasing. As the economy continues to recover and consumers loosen their discretionary budgets, the Shoe Stores industry is anticipated to fare well. The industry will also benefit from a growing portion of the population participating in sports, further increasing demand for shoes... ... purchase to read more

Industry Report - Industry Investment Chapter

The Shoe Stores industry has a low level of capital intensity, which is similar to most participants in the retail industry. IBISWorld estimates that for every $1.00 spent on wages, the industry will allocate $0.08 in capital investment. Retailing industries are typically labor intensive because a large staff is required to serve customers. Most employees are part-time or casually employed to keep wage costs to a minimum. Labor costs are also incurred through re-stocking shelves and maintaining control of inventory levels. Some retailers that sell shoes at a discounted price cannot afford to have such high wage costs and have therefore implemented self-service in their stores.

.. ... purchase to read more

Additional Insights for the Shoe Stores Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Shoe Stores Industry are

  • Having a clear market position
  • Ability to control stock on hand
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Percentage of services conducted online in the Shoe Stores industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Shoe Stores Industry?

    Retailing footwear is the primary function of this industry. The sale of footwear usually involves purchasing footwear from wholesalers and selling it directly to customers. Hosiery and sports footwear, such as golf shoes, bowling shoes and cleats, are excluded from this industry, as are any sales made via catalogs or the internet.

    Industry Products
    Men's shoes (not including athletic)Women's shoes (not including athletic)Men's athletic shoesWomen's athletic shoesChildren's shoesSlippers and other shoes
     
    Industry Activities
    Retailing children's shoesRetailing athletic shoes (except sport-specific shoes like cleats and bowling shoes)Retailing men's casual and formal shoesRetailing women's casual and formal shoes


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Percentage of services conducted online
  • Price of shoes
  • Participation in sports
  • Current Performance
  • Healthy consumer base
  • Rising competition
  • Margins remained squeezed
  • Chart: Revenue Growth
  • Industry Outlook
  • Healthy consumer base
  • Looking forward
  • Table: Shoe Stores Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Shoe Stores Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Consumers
  • Key Selling Industries
  • Footwear Wholesaling
  • Leather Good & Luggage Manufacturing
  • Shoe & Footwear Manufacturing
  • Products & Services
  • Women's shoes (not including athletic)
  • Men's athletic shoes
  • Children's shoes
  • Men's shoes (not including athletic)
  • Women's athletic shoes
  • Slippers and other shoes
  • Chart: Shoe Stores Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Consumers aged 25 to 44
  • Consumers aged 45 to 64
  • Consumers aged 24 and younger
  • Consumers aged 65 and older
  • Chart: Major Market Segmentation for the Shoe Stores Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Shoe Stores
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Shoe Stores Industry
  • Industry Globalization
    Major Companies
    Foot Locker Inc.
    Payless ShoeSource
    Designer Shoe Warehouse Inc.
    Caleres Inc.
  • Table: Foot Locker Inc. - financial performance
  • Table: Payless ShoeSource - financial performance
  • Table: Designer Shoe Warehouse Inc. - financial performance
  • Table: Caleres Inc. - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Shoe Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Shoe Stores Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Price of shoes (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Brick-And-Mortar
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Radio Frequency Identification (Rfid)
  • A technology that tracks products from the time they leave the assembly line to the time they leave the store by releasing continuous signals from a chip.
  • Retail Theater
  • An in-store display that uses various sensory elements to provide customers with advertising and product information while they shop.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Shoe Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Shoe Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Shoe Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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